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Fri October 10, 2008
Sales tax rebates mostly lower this month
By Scott Harvey
Sales at most local merchants during August dipped below the figures from August 2007. Even so, the City of Commerce is just a hair ahead of breaking even in sales tax revenue for the fiscal year so far, when compared to the same point 12 months ago.
The Texas Comptroller's office announced Wednesday the City of Commerce would receive $101,324.16 in sales tax rebate revenue this month, a decrease of 5.07percent from the $106,740.78 the city received in October 2007.
The figures represent sales taxes collected at Commerce retailers in August and reported to the Comptroller's office in September.
So far this fiscal year, the city has taken in about $922,095.11 in sales tax revenue, an increase of less than one-third of a percent from the $919,321.51 in sales tax revenue received through the same point last year.
Elsewhere in the region, the City of Greenville will receive $416,827.71 in sales tax revenue this month, a decrease of 1.24 percent from the $422,086.49 the city received in October 2007. Bonham will also see a decrease in sales tax revenue, with seven percent less than this point last year.
Both Sulphur Springs and Paris saw increases in sales tax revenue this month, with eight and six and a half percent increases, respectively.